If Real GDP in a Particular Year Is $5,000 Trillion

question 156

Multiple Choice

If real GDP in a particular year is $5,000 trillion and nominal GDP in that same year is $4,000 trillion,then the

• A)CPI is 125
• B)economic activity has decreased 20 percent
• C)GDP price index is 125
• D)GDP price index is 80
• E)economy has grown by 20 percent

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Definitions:

Human Resource Foundation

The basic principles and practices upon which the management of people in an organization is built, including recruitment, selection, training, and development.

Ethical Conduct

Refers to the practice of acting in ways consistent with what society and individuals typically think are good values.

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The action of leading a group of people or an organization, or the ability to do this.

Ethics Training

Programs designed to educate employees about the principles of moral behavior and decision-making in the workplace.